Great job Michael! This article further proves that Mayor Pugh chose Regan Development knowing full well that this project would involve government money to purchase the land and then subsequently become a majority affordable housing project. All the necessary complex dealmaking was done before this choice as anyone with a working brain knows there would have been no shortage of development companies that would’ve made this a majority market rate building, with higher taxes than a PILOT. He has apparently done the same with Lot A with the group from Chappaqua as evidenced by the friendly and almost staged Q&A which occurred last night at the board meeting. I can count on Michael to discover that the money required to purchase the existing building next to Lot A will be government money, part of Governor Hochul’s housing plan, which Mayor Pugh seems incredibly enthusiastic to volunteer Croton as a Petri dish.
Great article! Thank you Michael for speaking at the Board of Trustees meeting last night.
Thank you. The purpose of journalism is to keep the public informed in a fair and balanced way. I’m glad we were able to do that in this case.
Great job Michael! This article further proves that Mayor Pugh chose Regan Development knowing full well that this project would involve government money to purchase the land and then subsequently become a majority affordable housing project. All the necessary complex dealmaking was done before this choice as anyone with a working brain knows there would have been no shortage of development companies that would’ve made this a majority market rate building, with higher taxes than a PILOT. He has apparently done the same with Lot A with the group from Chappaqua as evidenced by the friendly and almost staged Q&A which occurred last night at the board meeting. I can count on Michael to discover that the money required to purchase the existing building next to Lot A will be government money, part of Governor Hochul’s housing plan, which Mayor Pugh seems incredibly enthusiastic to volunteer Croton as a Petri dish.
Ken Regan liked this post? Huh!